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Parkland Fuel drains$300M from budget to deal with COVID-19 demand impact
CALGARY — Parkland Fuel Corp. is cutting its 2020 capital spending budget by 52 per cent and trimming executive salaries in response to the uncertain economic impact of the novel coronavirus.
Mar 30, 2020 8:55 AM
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Inter Pipeline cuts dividend and exec pay, suspends sale of bulk liquids storage
CALGARY — Inter Pipeline Ltd. is reducing its dividend by more than 70 per cent and suspending its dividend reinvestment plan as it deals with the drop in energy prices and the COVID-19 pandemic.
Mar 30, 2020 8:26 AM
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Offer made to Centerra Gold for its stake in Ontario gold project
THUNDER BAY, Ont. — Premier Gold Mines Ltd. says an offer has been made to acquire Centerra Gold Inc.'s 50 per cent stake in the Greenstone Gold Mines Partnership in a deal it says it worth US$205 million.
Mar 30, 2020 6:07 AM
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Big Oil's interest in renewable energy investments expected to waver: report
CALGARY — Budget cutting in response to the twin challenges of COVID-19 demand destruction and low oil prices mean the world's oil and gas industry will likely spend less on renewable energy going forward.
Mar 29, 2020 8:00 AM
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Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: COVID-19 and the new normal Thousands of people have already lost their jobs as non-essential businesses have shut down, while others like grocers look for ways to
Mar 29, 2020 8:00 AM
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On Wall Street, some optimism penetrates the uncertainty
Stocks rallied this week as Washington acted to provide $2.
Mar 28, 2020 8:22 AM
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Trump signs $2.2T stimulus after swift congressional votes
WASHINGTON — President Donald Trump signed an unprecedented $2.
Mar 27, 2020 10:10 PM
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Trump seeks to force General Motors to produce ventilators
DETROIT — President Donald Trump issued an order Friday that seeks to force General Motors to produce ventilators for coronavirus patients under the Defence Production Act.
Mar 27, 2020 7:31 PM
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IMF head says global economy now in recession
WASHINGTON — The head of the International Monetary Fund said Friday it is clear that the global economy has now entered a recession that could be as bad or worse than the 2009 downturn.
Mar 27, 2020 4:52 PM
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Competition watchdog warns against Air Canada's proposed deal to buy Transat
MONTREAL — Air Canada's proposed acquisition of Transat AT Inc., which owns Air Transat, likely will hinder competition and result in less choice for Canadian travellers, the Competition Bureau says.
Mar 27, 2020 3:58 PM
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